David Roesch
  • 71, Male
  • Terre Haute, IN
  • United States
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David Roesch's Friends

  • Stanley Esposito
  • Joe Turner
  • Chante Kendall
  • Ace Cubrero
  • Shawn Morse
  • Jermaine
  • Courtney Cole
  • Paul Berndt
  • Ben Misra (secondarypro)
  • Greg Goebel

David Roesch's Groups

David Roesch's Discussions

Question from Dave Roesch

Started this discussion. Last reply by Charlie Hernandez Dec 8, 2009. 3 Replies

Availability to obtain funding of deals.

Started this discussion. Last reply by Mike Bradfield Mar 30, 2009. 5 Replies

 

David Roesch's Page

Latest Activity

Charlie Hernandez replied to David Roesch's discussion Question from Dave Roesch
"I have always used Dealertrack but dealer apps isn't bad either. I was a new car dealer for 7 years and continued doing used cars with dealer track. I really don't think it is worthwhile if you don't have at least 5 to 10 finance…"
Dec 8, 2009
Ben Misra (secondarypro) replied to David Roesch's discussion Question from Dave Roesch
"Dave, How long has your retail business been open ? Ben"
Dec 8, 2009
David Roesch's discussion was featured

Question from Dave Roesch

Having been away from the retail business for a good number of years (last 25 as a wholesaler) I am very out of touch with the modern world of retailing. I am under the impression that there are several places that you can send your credit Apps. to and they will grade and broadcast them to appropriate lenders. Am I working on accurate information? If I am, could or would anyone be kind enough to give me any sound, unbiased advice?Best wishes for the hoidays and a prosperous New Year!DaveSee More
Dec 6, 2009
Gene Daughtry @ Dealers411.net replied to David Roesch's discussion Question from Dave Roesch
"You can use Dealer Track and input your application once and send it to any lenders you have agreements with for instant approval or qualification calls."
Dec 6, 2009
David Roesch posted a discussion

Question from Dave Roesch

Having been away from the retail business for a good number of years (last 25 as a wholesaler) I am very out of touch with the modern world of retailing. I am under the impression that there are several places that you can send your credit Apps. to and they will grade and broadcast them to appropriate lenders. Am I working on accurate information? If I am, could or would anyone be kind enough to give me any sound, unbiased advice?Best wishes for the hoidays and a prosperous New Year!DaveSee More
Dec 6, 2009
David Roesch commented on Charlie Hernandez's blog post Is this consider stealing,cheating, fraud etc..?
"I am a new car dealer GM manager that just started this job and I have a finance manager that is in my book cheating and stealing. What do you think? One day I overhear him in an agruement with a new sales person about a simoniz package that he sold…"
Sep 28, 2009
David Roesch replied to Scott Creason's discussion EDMONDS.COM : EVIL OR VERY EVIL?
"I am a pretty firm believer in actual market values, which appear on Manheim mmr (manheim market report) which is up dated each day that thee is a sale. I researched the 2006 Volkswagen Golf 4 Door that was alluded to previously and here is what I…"
Jul 22, 2009
David Roesch commented on DARREN WHITEHEAD's blog post What's up with NADA values?
"Possibly if enough dealers would become pro-active with NADA they might eventually see the light. When I say "PRO-ACTIVE" I do not mean to complain one time only; I mean hound them to death and pull every leaver that might be available to…"
Jul 17, 2009
David Roesch commented on A Jay Gould's blog post Consumer Credit and Debt Protection Act Quitely moves out of committee
"If someone will give me the number of the bill, I will research it in order to determine what negative effects that I might have on the automobile industry and I will try to mount a cogent defense of the bill from the consumer's stand point…"
Jul 11, 2009
David Roesch replied to Scottie Stone's discussion The Pro's and Con's of Sales Tax Help in the group BHPH Solutions
"We collect the sales tax from the customer and title the vehicle in order to perfect the lein; however, I have always frowned on "rounded, out the door prices", as I have seen salesmen fall in to the habit of usine "rounded OTD…"
May 14, 2009
David Roesch replied to Gene Daughtry @ Dealers411.net's discussion How Much is your DOWN PAYMENT? in the group BHPH Solutions
"I like and have used for years, a slight modification of Russ Abrams and Gene Doughtry's replys, only in this manner when asked the question "We usually would like to have 1/3 down payment, would you be able to do that?" It is then…"
May 7, 2009
David Roesch joined Gene Daughtry @ Dealers411.net's group
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BHPH Solutions

Discuss solutions for dealers getting into BHPH or thinking about it.See More
May 7, 2009
David Roesch replied to Greg Goebel's discussion So You are a GM Dealer AND You See What is Happening with Chrysler:..
"I am not a GM dealer: however, at this point in time, I am convinced that G.M. is, across the board, offering the very best, trouble free vehicles in the world market place. I would hate to have watched G. M. climb out of a very deep hole that was…"
May 5, 2009
David Roesch replied to Jason Syens's discussion Help with a strange bill
"This appears to be a bated trap; I would make a note of it and then ignore every thing from them until I was able to correspond with a real person. Don't they have a customer service site. If they do not, I would think that to be signaling evem…"
May 4, 2009
Mike Bradfield replied to David Roesch's discussion Availability to obtain funding of deals.
"When I was in the retail side of the auto industry -I faired well with Westlake Fin. for b and c paper -example got a 200per week income 0cb with 500 down bought thru them on a 1994 ford taurus w/164000miles for 187per month for 8 months -they are…"
Mar 30, 2009
David Roesch commented on Mike "BK" Anthony's blog post New Letter Ideas
"Dear Ms. Cole: You have become a very popular person within the past 11 hours. I also come with my hand out and asking for copies of your documents; however, I will in turn send you a letter that never seems to fail when we have a customer that…"
Mar 28, 2009

Profile Information

Company
Clay Co. A. M. C.
Position
President
Dealership, Allied Industry or Finance Company?
Dealership
If Dealership, Franchise or Independent
Independent
Your web site
http://Regional1.com
Biography/Work Summary
I have been actively employed full time in the automobile business since 1961 and self employed since 1968.

I wanted a new car store from the first day that I got into the business and through an unusual series of fortunate events, I did buy a small town new car store in 1972; however, I would have been happy to sell it after about three years. I did not like factory dictates, I knew nothing about the factory being able to charge whatever they wanted to, to the parts statement nor did I know anything about collecting warranties and how the factory could clean your clock on warrranty claims. At that time, prior to in store computers, all claims were submitted by mail and if you submitted a claim and you had not been paid within 90 days and failed to make an inquirey on it, the manafacture no longer owed it to you; this was inspite of whether the claim was properly executed or not. That resulted in a loss from warranty claims of about $58,000.00.

I had a great financial statement within about three years; however, when I took my kids to McDonald's for a burger, Ronald McDonald was not impressed with my financial statement; he wanted a buck in cash for his burger.

By the time that I really "got the hang of it of a new car store" the lack of a further challenge allowed my attention to drift: however, I did know what a gift it was as a method to merchandise used retail vehicles that carried, at that time, a perceived, better reputatin than the vehicles that were setting on an independent used vehicle lot regardless of the fact that over 50% of my used retail vehicle sales had the auto auctions as my point of acquisation.

I did sell it in 1984, after bring together the F-L-M and C-P-D franchizes, all. in the same town.

I have a great deal of experience in retail used cars and trucks, but at this is point in time, it is not current experience; as I have run a successful wholesale operation since 1985, while trying to help a few worthwhile people get into the business for themselves.

I also have experence as a BH/PH dealer, which, I don't brag about; in fact I don't even care to think about it. Quite frankly the BH/PH business was not one of my better ideas. I have been told by several individuals that to have exited the BH-PH business with a $75,000.00 loss in less than a year was doing pretty good for some one that really was not a good collector and did not know how to hire good collectors. I really got of a spanking as I found that it was much easier to put money on the road than it was to get it back.

I am now semi-retired, but I am, at this time, I am helping a good man who is trying to get a start. This was an unfortunate time to jump in, but if you have the moxy and can hold in there and there there will be a lot of money to be made in the future. Clay Co. Automotive Management Corporation (our real name) enjoys a good reputation at every auction where it has ever done busines (from New Hampshire to California) and with every dealer that it has ever dealt with.

In the retail business, if we have a customer that is dissatified for a legitimate reason and we feel that we will be unable to satisfy him with reasonable measures, we will simply write him a check for the vehicle that he purchased and unwind the deal. When I started out on my own, almost 50 years ago, I would have gotten down on the floor and fought with a customer over a dollar; however, after almost 50 successful years, a few dollars more just is not worth what a lot of people think that it is worth.

I have found it much more to my liking to be an independent dealer as it allows you to shift gears as the economy does. You are not in the position of having to eat a lot of unfavorable vehicles just because the manafacture had a schedule that resulted in over production and they were going to shove that production down your throat and let you worry as to how to move it on to the retail sector of the market.
Favorite Quote
1. I learned little from my successes, but my failures were memorable teachers.

2. Where I come from there are three ways people learn; some learn by observation; some learn by reading; and some have to pee on the electric fence. Unfortunately, I seemed to generally gravitate toward the latter, but I did learn a lot and it certainly stayed with me.

3. Even Super Man did not leap every tall building in a single bound; some times he stubbed his toe and had to get back up, brush himself off, and get ready to fly again.
Activities Away From Work
Traveling, going to the gym, ministering to the homeless, and trying to set an example to newer dealers, that as an automobile person of honesty, integrity, a high standard of ethics and high moral values and by using these standards and showing your employees that you believe in them and use theem daily, makes it much easier to make attatin true success than it is by lieing, cheating, and taking an unfair advantages in a deal. Using these guidelines, you will, at the end of a successful day, week, or month, you have a real sense of satisfaction, success, and every blessing that is attendent to those very positive factors.
Birthday
December 20

Comment Wall (4 comments)

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At 3:37pm on April 23, 2009, Shawn Morse said…
David
I would like to talk with you about websites and inventory hosting, i to have been in the business for over 20 years most of them as a Dealer. I owned a Saab franchise in Kansas City for about 10 years and an independent store for about 8. Give me a call and let me tell you how we might be able to help.
Shawn Morse
VinSolutions.com
816 985 2516
At 10:01pm on March 30, 2009, Courtney Cole said…
David:

If you can forward me your email address, I will forward a copy of the postcards. I had everyone's address except yours.

Thanks,
Courtney
At 9:55am on March 5, 2009, Jeff Carress said…
David Please contact me at 800 810 2202 ext 1227. I am with Automotive Credit Corp and we do business in your neck of the woods. We are a sub prime lender that does the kind of paper that you seem to be getting. Jeff Carress
At 10:38am on February 24, 2009, Greg Goebel said…
Hey there David! How have you been? Nippy up there?
 
 
 

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